Yes, the share price movement is trying to tell us something. Very reminiscent of Funtastic, which I bought at 7c and sold out of far too soon after it started to go back up. (For a while they were also, like TZL, reputed to be very marginal.)
I have a friend who wrote the book 'Taming the Lion' who is insistent that when the share price starts a slow, steady appreciation like this you should forget about where the price was and get in. He believes that the market usually takes time to adapt to new realities, and share prices rarely find the correct level instantly. When a stock is under or over valued the share price will head in that direction, but the speed will depend on all sorts of factors including how opaque the company's dealings are. I think TZL has been pretty opaque, so hopefully it fits the bill.
My gut feeling is that at some point when we least expect it and there seems to be no news around, the share price will surge. Most of my stocks that do well seem to rise inexplicably, not for any of what I thought were sound reasons when I bought them.
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Last
2.8¢ |
Change
0.002(7.69%) |
Mkt cap ! $7.184M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.8¢ | $37 | 1.317K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2409 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 211048 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2409 | 0.026 |
1 | 5000 | 0.025 |
1 | 40000 | 0.024 |
1 | 20229 | 0.023 |
1 | 585800 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 211048 | 3 |
0.030 | 166667 | 1 |
0.033 | 24575 | 1 |
0.035 | 171 | 1 |
0.040 | 3000 | 1 |
Last trade - 10.18am 02/08/2024 (20 minute delay) ? |
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TZL (ASX) Chart |